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4 years ago

The fundamental purpose of an organization's mission statement is to:

Business

1 answer:

Maslowich4 years ago

6 0

Answer:

The correct answer is letter "B": define the organization's purpose in society.

Explanation:

A company's mission reflects what is the purpose of the firms in regards to the impact with its surrounding society. It describes what product is going to be offered, what are the association's potential consumers, and in what sector of the society the firm will focus.

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While Alison was showing her new grandson to friends, the baby needed a diaper change, and she had brought none with her.

Harman [31]

Answer:

Substitute product

Explanation:

Since Alison uses an eco-friendly Seventh Generation brand diapers which was currently unavailable in the local grocery store, she substituted with the regular Pampers diaper brand.

She substitutes her priority brand over what she could supplement it with in the time of need.

Substitute goods are those which can be replaced with a comparable product similar to the one in current use.

7 0

3 years ago

A monopolist A. does not have a supply curve because the monopolist sets its price at the same time it chooses the quantity to s

Goshia [24]

Option A

A monopolist does not have a supply curve because the monopolist sets its price at the same time it chooses the quantity to supply.

Explanation:

A monopolist is an self, association, or organization that regulates all of the markets for a distinct good or service. A monopoly firm has no outlined supply curve. Below monopoly, there is no so one-to-one accord among price and quantity provided.

A monopoly firm is a cost inventor, not a cost taker. This is because yield decision of a monopolist not only depends on marginal cost but also on the shape of the demand curve. As a result, variations in demand do not sketch out a range of prices and quantities as appears with a competitive supply curve.

3 0

4 years ago

Mckissic Corporation has two divisions: Domestic and Foreign. Data from the most recent month appear below: Total Company Domest

Darya [45]

Answer:

BEP $347,383.5223

Explanation:

becuse we have multiple producets, we have to calclate the CMR including all of them.

$\frac{CM_1 + CM_2}{S_1+S_2} =CMR_{mix}$

292,760 contribution mix

450,000 sales mix

292,760/450,000 = 65.05777% CMR mix

$\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}$

226,000 fixed cost / 0.6505777 = $347,383.5223

8 0

3 years ago

The role of decision trees in product design is to: a. rank products in descending order of their dollar contribution to the fir

AVprozaik [17]

Answer:

The correct answer is letter "C": calculate the expected value of each course of action.

Explanation:

A decision tree is a graphic and analytic form of representing the events that can arise after taking a decision at a specified moment. Decision trees help us take a more accurate decision from the probabilistic view in front of the wide variety of decisions available. It allows us to portrait a problem and calculate the amount of work necessary.

Therefore, decision trees are useful to understand the value each path that could be selected carries.

4 0

3 years ago

Victory Company uses weighted-average process costing to account for its production costs.

Ludmilka [50]

Answer:

1. Direct Materials = 987,000 units , Direct Labor = 912,200 units

2.Direct Materials = $1.50 , Direct Labor = $3.50

Units Completed and Transferred Costs

Direct Materials = $ 1,200,000

Direct Labor = $ 2,800,000

Ending goods in process inventory cost

Direct Materials = $ 280,500

Direct Labor = $ 392,700

Explanation:

First step is to determine the equivalent units of production with respect to direct labor and direct materials

Direct Materials

Note : Materials are added at beginning of the process hence, they are 100 % complete for both units categories

Units Completed and Transferred (800,000 × 100%) = 800,000

Units of Ending Work In Process (187,000 × 100%) = 187,000

Equivalent units of production = 987,000

Direct Labor

Note : Conversion costs are added evenly throughout the process, hence we need to establish units to the extent of work done.

Units Completed and Transferred (800,000 × 100%) = 800,000

Units of Ending Work In Process (187,000 × 60%) = 112,200

Equivalent units of production = 912,200

The next step is to Calculate the Total Cost of Production with respect to direct labor and direct materials incurred during the period.

Direct Materials

Cost in Opening Work In Process = $192,465

Cost added during the period = $1,288,035

Total Costs = $1,480,500

Conversion

Cost in Opening Work In Process = $159,635

Cost added during the period = $3,033,065

Total Costs = $3,192,700

Then use the above data to calculate the cost per equivalent unit for direct labor and direct materials.

Cost per equivalent unit. = Total Cost / Total Equivalent units

Direct Materials = $1,480,500 / 987,000 = $1.50

Direct Labor = $3,192,700 / 912,200 = $3.50

CONCLUSION :

Units Completed and Transferred Costs

Direct Materials = (800,000 × $1.50) = $ 1,200,000

Direct Labor = (800,000 × $3.50) = $ 2,800,000

Ending goods in process inventory cost

Direct Materials = (187,000 × $1.50) = $ 280,500

Direct Labor = (112,200 × $3.50) = $ 392,700

3 0

3 years ago